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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in August 2021 ranged from $160,000 to $2,634,000 and provided assistance to businesses located in Newbury, Boston, Rockland, Waltham, Lawrence, Dedham, MA as well as Narragansett, RI. The projects will contribute to the creation of 22 Jobs.
Loans funded in July 2021 ranged from $93,000 to $1,243,000 and provided assistance to businesses located in Ludlow, Billerica, Weymouth, Ashland, Lawrence, Holliston, Canton and Melrose, MA as well as Middletown, Cranston, and Pawtucket, RI. The projects will contribute to the creation of 46 Jobs.
Loans funded in June 2021 ranged from $104,000 to $1,217,000 and provided assistance to businesses located in Ludlow, Hopkinton, Lowell, Wakefield, Ayer, Hanover, Nantucket, Rockland, MA as well as Windsor Locks, CT. The projects will contribute to the creation of 19 Jobs.